Wynne announces transit spending

Premier Kathleen Wynne and the Liberals are promising to spend $29 billion over the next 10 years on transit and transportation infrastructure in the province.

Up to $15 billion of the money will be allocated for the Greater Toronto and Hamilton Area. Wynne says the projects will be funded by raising new money, redirecting existing revenues and debt financing, including green bonds. When asked how the government will raise new revenue, Wynne said the details will be in the upcoming budget.